Latest news with #SJVN
Reuters
7 days ago
- Business
- Reuters
Nepal begins first power exports to Bangladesh via India's grid
June 16 (Reuters) - Nepal has begun exporting 40 megawatts (MW) of electricity to Bangladesh through India's power grid in its first move into the international energy market and positioning India as a key facilitator of regional electricity trading. Nepal is also exporting 80 MW to Bihar state in India's east, Nepal's Energy Minister Dipak Khadka said on X on Sunday, adding that power exports had unlocked a 5,000 MW export market for the Himalayan nation. The power transaction follows a tripartite agreement signed in October between Nepal Electricity Authority, Bangladesh Power Development Board, and India's NTPC Vidyut Vyapar Nigam. India exports electricity to Nepal, Bangladesh and Myanmar, while importing power from Nepal and Bhutan and is discussing plans to integrate its grid with Sri Lanka. The development comes as Nepal rapidly expands its hydropower capacity, with Indian hydro power producer SJVN ( opens new tab currently developing the 900 MW Arun-3 project in Nepal's Sankhuwasabha district. In April, India's Power Grid Corporation ( opens new tab and Nepal Electricity Authority agreed to implement high-capacity cross-border transmission infrastructure to facilitate increased power trading. Nepal, which has installed capacity of more than 3,000 MW, with 95% hydro, has also been seeking Indian investment to boost its hydroelectric output and export surplus power to New Delhi.
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Business Standard
10-06-2025
- Business
- Business Standard
Reliance Power hits over 10-year high, stock zooms 85% in 1 month
Shares of Reliance Power continued their upward movement, with the stock hitting over a 10-year high of ₹71.35, as they rallied 11 per cent on the BSE in Tuesday's intra-day trade amid heavy volumes. The stock price of the power generation company is trading at its highest level since November 2014. The market price of Anil Ambani's Reliance group company gained for the third straight day, surging 17 per cent during the period. In the past month, the stock zoomed 85 per cent on the BSE. At 10:49 AM, Reliance Power was trading 8 per cent higher at ₹69.96, as compared to a 0.05 per cent rise in the BSE Sensex. The counter had seen huge trading volumes, with a combined 266.22 million equity shares representing 6.5 per cent of the total equity of Reliance Power, changing hands on the NSE and BSE. Track LIVE Stock Market Updates Here Retail investors hold nearly 50% in Reliance Power Retail investors are holding nearly 50 per cent stake in Reliance Power as of May 7, 2025, the exchange data shows. Resident individuals holding nominal share capital up to ₹2 lakh (27.02 per cent) and resident individuals holding nominal share capital over ₹2 lakh (21.59 per cent) collectively held a 48.61 per cent stake. Life Insurance Corporation of India (LIC) held a 2.49 per cent stake, while VFSI Holdings PTE LTD held a 4.99 per cent stake in Reliance Power, data shows. Reliance Infrastructure, the promoter of Reliance Power, holds a 24.90 per cent stake. What's driving the over 80% rally in Reliance Power shares? On May 9, 2025, Reliance Power posted a consolidated net profit of ₹126 crore in the fourth quarter of the previous fiscal (Q4FY25), aided by lower expenses, compared to a loss of ₹397.56 crore in Q4FY24. Total income declined to ₹2,066 crore from ₹2,194 crore a year earlier. Reliance Power's debt-to-equity is among the lowest in the industry, reduced from 1.61:1 in FY24 to 0.88:1 in FY25. Further, Reliance NU Suntech, a unit of Reliance Power, has signed a 25-year Power Purchase Agreement with SECI to develop Asia's largest integrated solar and battery energy storage project. The ₹10,000 crore project will include 930 megawatt (Mw) of solar capacity and 465 MW/1860 MWh of storage, operating at a fixed tariff of ₹3.53/kWh. On May 28, 2025, unit Reliance NU Energies Private (Reliance NU Energies) received the Letter of Award (LOA) from SJVN, for a 350 Mw inter-state transmission system (ISTS)-connected solar power project coupled with a 175 Mw/700 MWh Battery Energy Storage System (BESS). The same unit had earlier emerged as the successful bidder in the competitive auction conducted by SJVN, securing the project at a fixed tariff of ₹3.33/kWh for a period of 25 years. On December 31, 2024, Sasan Power, a Reliance Power subsidiary, repaid $150 million to IIFCL, UK. The company said the payment strengthens debt coverage, boosts liquidity, and supports credit rating improvement. Reliance Power growth opportunities India plans to add about 80 gigawatt (Gw) of new coal-based thermal power capacity by 2031–32 to meet rising electricity demand, according to the National Electricity Plan. Reliance Power, in its FY24 annual report, said this renewed focus presents growth opportunities for thermal players. Increasing electrification, rising per-capita power use, and EV adoption are expected to drive power demand. Meanwhile, India also targets 500 Gw of non-fossil capacity by 2030 as part of its energy transition.
Mint
05-06-2025
- Business
- Mint
Stocks to buy for short term: Nagaraj Shetti suggests SJVN, Berger Paints shares; do you own?
Stock market today: The Indian stock market experienced widespread buying, which propelled the Sensex and Nifty 50 benchmarks to rise by more than 1% during intraday trading on Thursday, June 5. The Sensex started at 81,196.08, compared to its prior close of 80,998.25, and surged over 900 points, or 1%, reaching an intraday peak of 81,911.13. Meanwhile, the Nifty 50 commenced at 24,691.20 against its previous close of 24,620.20 and climbed over 1% to an intraday high of 24,899.85. Market analysts suggest that investor optimism is driven by potential advancements in the India-US trade agreement and expectations for a rate reduction by the Reserve Bank of India's Monetary Policy Committee (MPC). Over the past several weeks, Indian stock markets have outperformed global indices as volatility persists in international markets due to looming US reciprocal tariffs. Moreover, a favourable inflation report in India has also provided some support to domestic equity indexes. Nagaraj Shetti of HDFC Securities expects Nifty 50 short-term trend remains positive and the next overhead resistance to be watched at 24,850. Nagaraj Shetti recommends SJVN, and Berger Paints shares to buy in the near-term. Nifty 50 witnessed follow-through upmove so far on Thursday and is currently trading higher by 90 points. Nifty 50 has been moving in a broader high low range of 24,500-25,000 levels over the last couple of weeks and is currently bouncing back from near lower end of a range. The short-term trend remains positive and the next overhead resistance to be watched at 24,850. A decisive upside breakout of this hurdle could open more upside in the near term. Nagaraj Shetti of HDFC Securities recommends these two stocks to buy in the short-term - SJVN Ltd, and Berger Paints India Ltd. After witnessing a healthy downward correction in the last couple of weeks, the SJVN share price has bounced back so far this week. Bullish pattern like higher tops and bottoms is intact as per weekly chart. Volume pattern and RSI shows positive indication. Berger Paints share price has surged up sharply on Thursday after shifting into a larger consolidation pattern recently. The stock price has also broken above the hurdle of down sloping trend line at ₹ 570 and is currently trading higher. Volume expanded during upside breakout in the stock price and RSI shows positive indication. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
Mint
02-06-2025
- Business
- Mint
Reliance Power share price jumps 8% to fresh 52-week high; Should you buy?
Reliance Power share price extended its upward momentum for the third consecutive session on Monday, surging nearly 8% to hit a fresh 52-week high amid robust trading volumes. The Anil Ambani-led Reliance Power shares rallied as much as 7.79% to touch a new high of ₹ 62.80 apiece on the BSE. This latest gain in Reliance Power shares follows an impressive 11% jump in the previous session, bringing the stock's one-week gain to over 21%. Trading volumes in Reliance Power shares were significantly elevated, with around 61 crore shares changing hands on Monday — more than double its one-week average of 27 crore shares, and nearly five times the one-month average of 13 crore shares. The surge in trading activity and stock price follows the announcement of a major renewable energy project win. Reliance Power on May 28 announced that its subsidiary, Reliance NU Energies Private Limited (Reliance NU Energies), received the Letter of Award (LOA) from SJVN, a Navratna Central Public Sector Enterprise, for a 350 MW inter-state transmission system (ISTS)-connected solar power project coupled with a 175 MW/700 MWh Battery Energy Storage System (BESS). Once commissioned, the platform will add 600 MW of solar DC capacity, and 700 MWh of BESS capacity to Reliance Power's portfolio. The company's total clean energy pipeline now stands at 2.4 GW of Solar DC capacity and over 2.5 GWH of BESS capacity, making it India's largest player in the integrated Solar + BESS segment, Reliance Power said in a regulatory filing on May 28, 2025. Reliance NU Energies had earlier emerged as the successful bidder in the competitive auction conducted by SJVN, securing the project at a fixed tariff of ₹ 3.33 per kWh for a period of 25 years. Reliance Power share price has delivered stellar returns in recent months. The Anil Ambani Group stock is up 53% over the past one month and 85% over the last three months. On a year-to-date (YTD) basis, Reliance Power shares have gained 38%, while delivering multibagger returns of 151% over the past one year. The rally has been even more pronounced over the long term, with the Reliance Power stock price rising 370% in two years and an astounding 2,800% over the last five years. From a technical perspective, Reliance Power is currently the strongest performer among Anil Dhirubhai Ambani Group (ADAG) stocks. The stock recently broke out of a 33-week-long 'cup and handle' formation on the weekly chart, noted Anshul Jain, Head of Research at Lakshmishree Investments. 'The breakout was backed by volumes 8x higher than the 50-day average, indicating strong, broad-based participation. Reliance Power share price is currently holding above the breakout level, and any dip towards ₹ 48 or consolidation around this zone presents a fresh buying opportunity,' Jain said. The pattern projects an immediate upside target of ₹ 65, with a further potential move towards ₹ 79, he added. At 12:40 PM, Reliance Power share price was trading 6.52% higher at ₹ 61.95 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Insider
01-06-2025
- Business
- Business Insider
Elara Securities Remains a Buy on SJVN Limited (SJVN)
In a report released yesterday, Rupesh Sankhe from Elara Securities maintained a Buy rating on SJVN Limited (SJVN – Research Report), with a price target of INR131.00. The company's shares closed last Friday at INR96.30. Confident Investing Starts Here: SJVN Limited has an analyst consensus of Hold.
